AEC AGREES TO PROVIDE UP TO $12.7 MILLION AID FOR ADVANCED REACTOR

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP73-00475R000201050001-9
• Release Decision: RIPPUB
• Original Classification: K
• Document Page Count: 1
• Document Creation Date: December 27, 2016
• Document Release Date: December 19, 2013
• Sequence Number: 1
• Publication Date: May 15, 1964
• Content Type: OPEN SOURCE

TAT.
)eclassified in Part - Sanitized Copy Approved for Release @ 50-Yr 2013/12/19 : CIA-RDP73-00475R000201050001-9
WALL STREET
JOURNAL
MAY 15 1964
;AEC Agrees to Provide,
?',
'Up to $12.7 Million Aid 1--
For Advanced Reactor,
Lit 'Will Finance Research on Plant]
'? Slated for Arkansas by Utilityi
? Groups,. Give Some ? ..Materials].
12 WALL STREitT JOURNAL staff Reporter
WASHINGTON?The Atomic Energy Com:.
i?mission contracted to provide up to $12.7 mil.:
lion in assistance to. Southwest Atomic Energy;
...Associates, a group of 17 private power utili-
ties, for research and development on .an
ad-
vanced nuclear reactor." f?
l; The utility group, General Electric Co. and;
two West European organizations plan to fi-;
nance the design and construction of a $12.4.
million "fast-breeder" reactor, to be built near:
Payetteville, Ark: A fast-breeder atomic reac?
,
Om while producing heat and electricity, man-:
ufactures or breeds more fissionable .nuclear
t? ? fuel than it, consumes.. ? /
The AEC funds would be used for research
-and development on the project both before:
and after its construction. The AEC said it.
will also provide some materials and expert-,
.-.mental facilities at the Government's national,'
reactor testing station for use with the project.:
? -
Construction of the reactor is expected to,
(require ? about 'three years, with the plant to;
; be designed by General Electric: Of the capital:
2 cost, the utility group will provide $5.9 million;:
Gesellschaft fur Kernforschung, a nonprofit;
.? West German corporation, will, provide $5 mil.;
? lion, part of it obtained from Euratom,. the:
?,?. West European atomic development organi-
zation, and GE Will provide the reinainder4
GE also will be prime contractor to the utility.
group for Operating the facility and conducting:.
research. 1
. The AEC said the technology developed in
the program will be made available to alp
nuclear reactor makers and other concerns In
the atomic industry.
?. The -members of the utility group are: Ar.;
.!.kansas-Missouri Power Co., Arkansas Power 1
& Light Co., Central Louisiana Electric Co., ,
I:Central . Kansas Power Co., Empire District
t Electric Co., Gulf States Utilities Co., Kansas
; Gas '8: Electric Co., Louisiana Power & Light
Co., Mississippi Power & Light Co., 'Missouri
1. Public Service Co., Missouri Utilities Co., New
? Orleans Public Service, Inc., Oklahoma Gas
& Electric Co., Public Service Co. of Okla.;
homa, -Southwestern Electric Power Co., Kan.'
sas Power & Light Co. afid Western Light &
1:Telephone Co. ? ? . .
1...i ;:..? .?-,-
, , ???
?
- Cnrliti7PCI rpm Approved for Release @ 50-Yr 2013/12/19 : CIA-RDP73-00475R000201050001-9